Plz help to solve, make sure you answer all yellow part (very IMPORTANT) also plz provide FUNCTIONS and EQUATIONS very important! thx

THIS IS ALL THE INFORMATION FROM THE BOOK FROM GAPENSKI 7TH EDITION

Chapter 15 Revenue Cycle and Current Accounts Management Assigned Problem 2. Suppose one of the suppliers to Seattle Health System offers terms of 3/20, net 60 a. When does the system have to pay its bills from this supplier? b. What is the approximate percentage cost of the costly trade credit offered by this supplier? ssume 360 days per year, ANSWER Discount percent Days credit received Days of free trade credit Periodic cost of trade credit Number of discount periods per year Approximate cost Chapter 15 Revenue Cycle and Current Accounts Management Assigned Problem 2. Suppose one of the suppliers to Seattle Health System offers terms of 3/20, net 60 a. When does the system have to pay its bills from this supplier? b. What is the approximate percentage cost of the costly trade credit offered by this supplier? ssume 360 days per year, ANSWER Discount percent Days credit received Days of free trade credit Periodic cost of trade credit Number of discount periods per year Approximate cost